Bill Gross, the Bond King that racked up one of the longest winning streaks of any money manager, retires

Bill Gross, 74, has run the Janus Henderson Global Unconstrained Bond Fund since late 2014, shortly after he suddenly left Pimco in the midst of a management clash. His returns here failed to live up to his stellar long-term record from the Pimco era.Patrick T. Fallon/Bloomberg

Bill Gross, who reigned for decades as the Bond King at Pacific Investment Management Co., is retiring more than four years after jumping to Janus Henderson Group Plc from the fixed-income giant he co-founded.

“I’ve had a wonderful ride for over 40 years in my career — trying at all times to put client interests first while inventing and reinventing active bond management along the way,” Gross said in a statement Monday. “So many friends and associates at my two firms to thank – nothing is possible without a team working together with a common interest.”

Gross, 74, has run the Janus Henderson Global Unconstrained Bond Fund since late 2014, shortly after he suddenly left Pimco in the midst of a management clash. His annualized returns of less than 1 per cent at Janus failed to live up to his stellar long-term record from the Pimco era.

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